Exhibit 12.1 CD RADIO INC. STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
SIX MONTHS YEARS ENDED DECEMBER 31, ENDED JUNE 30, -------------------------------------------- ---------------- 1994 1995 1996 1997 1998 1998 1999 ---- ---- ---- ---- ---- ---- ---- Earnings: Pretax loss from continuing operations $(4,065) $(2,107) $(2,831) $(4,737) $(46,101) $(35,977) $(23,045) Add: Interest and other financial charges expended 40 20 13 1,946 14,272 8,982 3,683 Interest factor attributable to rentals 40 50 66 92 647 203 829 -------- --------- --------- --------- --------- -------- -------- Earnings, as adjusted, from $(3,985) $(2,038) (2,752) $(2,699) $(31,182) $(26,792) $(18,533) continuing operations -------- --------- --------- --------- --------- -------- -------- Fixed charges: Interest and other financial charges expended $40 $20 $13 $1,946 $14,272 $8,982 $3,683 Interest capitalized - - - 23 16,243 2,789 23,392 Interest factor attributable to rentals 40 50 66 92 647 203 829 -------- --------- --------- --------- --------- -------- -------- Total fixed charges $80 $70 $79 $2,061 $31,162 $11,974 $27,904 -------- --------- --------- --------- --------- -------- -------- -------- --------- --------- --------- --------- -------- -------- Ratio of earnings to fixed charges (1) - - - - - - - Deficiency of earnings to fixed charges $4,065 $2,107 $2,831 $4,760 $62,344 $38,766 $46,437 Fixed charges from above 80 70 79 2,061 31,162 11,974 27,904 Preferred stock dividends - - - 54,313 37,557 15,591 19,534 -------- --------- --------- --------- --------- -------- -------- Combined fixed charges and preferred stock dividends $80 $70 $79 $56,374 $68,719 $27,565 $47,438 -------- --------- --------- --------- --------- -------- -------- -------- --------- --------- --------- --------- -------- -------- Ratio of earnings to combined fixed charges and preferred stock dividends (2) - - - - - - - Deficiency of earnings to combined fixed charges and preferred stock dividends $4,065 $2,107 $2,831 $59,073 $99,901 54,357 $65,971
(1) The ratio of earnings to fixed charges was less than 1.00 for all periods presented and thus earnings available for fixed charges were inadequate to cover fixed charges for these periods. (2) The ratio of earnings to combined fixed charges and preferred stock dividends was less than 1.00 for all periods presented and thus earnings available for combined fixed charges and preferred stock dividends were inadequate to cover combined fixed charges and preferred stock dividends for these periods.